Cheap Homes for Rent in Forest Manor Neighborhood of Indianapolis, IN from $500 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Forest Manor area of Indianapolis.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Forest Manor, Indianapolis, IN Local Guide

Cheapest Available Forest Manor Apartments for Rent

 

The cheapest available apartment rental in the Forest Manor area of Indianapolis, IN is a 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $579. Indy Town Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $798. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$798
Hopeside I2.2-40%-H2BR,2BA$852
Frederick SquareFrederick Square 2 bedroom2BR,1BA$870
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$925

Best Value Apartments for Rent in Forest Manor, IN

As of October 13, 2025 the best value apartment in the Forest Manor area is the $1.18 price per square foot C2 Model at East Village at Avondale Meadows Apartments in the in the Martindale neighborhood starting from $1,525. The second greatest value Forest Manor apartment is the Garnet Model at 7 Pointe Apartments starting at $1,119 with a $1.04 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Forest Manor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
East Village at Avondale Meadows ApartmentsC23BR,2BA$1.18
7 Pointe ApartmentsGarnet2BR,2BA$1.04
Hopeside I2.2-40%2BR,2BA$0.93
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.98
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.09
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
Indy Town ApartmentsArlington Green 2 bedroom2BR,1BA$1.16
2945 Schofield Ave, Unit 29452945 Schofield Ave2BR,1BA$1.48

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Pet Friendly Lifestyle
Forest Manor, Indianapolis, IN

Ranked #246

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Forest Manor

What type of rentals are currently available in Forest Manor?

There are currently 86 Apartments for Rent in Forest Manor, IN with pricing that ranges from $650 to $1,495. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Manor ranging from $595 to $2,350.

What is the current price range for Rental Homes in Forest Manor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Manor ranges from $595 to $2,350 with an average monthly rent of $1,301.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.